Please select any one option.

Ans. The quantum of the standard Punjab National Bank loan is in the range of Rs. 1 lakh to Rs. 5 lakh for personal needs and Rs. 10 lakh to Rs. 2 crore for business needs. The quantum of loan is also dependent on the repayment capacity of applicant and the value of the property.

Q. What are PNB loan against property charges?

Ans. The bank does not have any credit or non -credit service related charges. The bank charges nil for forex related services. However, the bank may charge extant penalty for delayed repayments of loans and the charge applicable would be 2% above the normal rate of interest. IMPS transaction charges @ Rs. 5 + service tax per transaction will be applicable.

Q. What kinds of properties are accepted for a loan against property?

Ans. A loan against property is given against immovable residential and commercial properties such as flats, plots, pieces of land, etc.

Common types of properties which qualify for a loan against property:

Self-occupied residence

Self-occupied commercial property

Rented residential property

Rented commercial property

Q. What is the repayment period on a loan against property offered by the bank? What are the other conditions for repayment of such a loan from PNB?

Ans. Loan amount along with applicable interest should be repaid through a maximum of 120 Equated monthly installments (EMIs), or by the time the borrower reaches 65 years of age, whichever is earlier. If the loan is sanctioned through overdraft facility with Monthly Reducing Drawing Power method, the drawing power of the loan account is reduced each month on a pro-rata basis.

Q. Are there any specific income criteria for availing PNB property loan?

Ans. For salaried and other income tax assessee, the minimum net monthly salary is Rs. 10,000 for last three years. This is restricted to salaried class or minimum net annual income of Rs 1,20,000 (for other income tax assess). And for a business enterprise, the minimum net annual income or net profits will be Rs. 1,20,000 and above.

Punjab and Sindh Bank Loan Against Property in Delhi NCR through LoanMoney

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Home Loan in Delhi/NCR through LoanMoney

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.

Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.

A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.

Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.

LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at info@loanmoney.in or +91-8130 222 111 for Transparent and Fastest Processing of Loan.

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

About LoanMoney, A Leading Loan Agency in Delhi NCR

LoanMoney is one of the leading Loan Agency in Delhi NCR. It offers different types of Loans like Personal Loan, Business Loan, Home Loan, Loan Against Property and others where no guarantor is required. Our aim is to make financial products affordable and easily accessible to the common man and to provide innovative ideas while providing Loans to the customer from different types of bank and NBFCs. We are a team of young and energetic professionals who have come together from diverse backgrounds such as banking, accounting, consulting, technology and management to facilitate the Loan Process in emerging India.

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We are Authorized Direct Selling Agents of various Nationalised Banks, Private Banks, Multinational Banks and Non Banking Financial Companies for promoting their sales for asset division like Personal Loan, Home Loan, Business Loan and Loan Against Property.

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Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.

A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.

Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.

The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.

Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.

Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.

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